zrinszki

VELT has started to break out (LONG)

Long
NASDAQ:VELT   None
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$VELT finally broke through the 50 day SMA on daily and with volume this may give this stock ~40% upside move in the next 2 weeks, before a minor pullback. I initiated a long position at $5 with a stop loss at $4.74, target price is $7. 05 .
(It is possible this could get more upside in the near term if it manages to break through the 200 SMA )

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